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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 28, 2023
Oct. 29, 2022
Operating Activities:    
Net income $ 93,419 $ 71,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,941 10,436
Deferred income tax provision 4,134 1,147
Gain on sale of property, plant and equipment, net 3 0
Stock-based compensation 341 342
Amortization of operating right-of-use assets 6,921 6,592
Changes in assets and liabilities:    
Trade receivables 4,695 (6,853)
Inventories 804 14,909
Operating lease right-of-use assets (11,877) (16,132)
Prepaid and other assets (600) 3,187
Accounts payable (5,103) (10,921)
Accrued and other liabilities (4,205) (1,566)
Operating lease obligation 3,586 9,597
Net cash provided by operating activities 102,059 82,238
Investing Activities:    
Additions to property, plant and equipment (12,760) (7,974)
Proceeds from sale of property, plant and equipment 28 27
Net cash used in investing activities (12,732) (7,947)
Financing Activities:    
Proceeds from stock options exercised 278 285
Repayments of Loan Facility 0 (30,000)
Net cash provided by (used in) financing activities 278 (29,715)
Net Increase in Cash and Equivalents 89,605 44,576
Cash and Equivalents - Beginning of Period 158,074 48,050
Cash and Equivalents - End of Period 247,679 92,626
Other Cash Flow Information:    
Interest paid 146 224
Income taxes paid $ 30,514 $ 21,373